This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of biologically active molecules. Its structure is particularly valuable in the creation of heterocyclic compounds, which are often explored for their potential therapeutic properties. Researchers focus on its application in designing and developing new drugs, especially those targeting neurological disorders and cancer. Additionally, it serves as a building block in organic chemistry for constructing complex molecular frameworks, aiding in the discovery of novel compounds with potential medicinal benefits.